Forfeit: Habit Contracts 2.13.14

Forfeit is an accountability application rooted in the scientifically proven concept of Habit Contracts, as highlighted in Atomic Habits, leveraging monetary incentives to drive motivation. With over 20,000 users, the platform boasts a remarkable 94% success rate across more than 75,000 forfeits, totaling over $1 million in stakes.

HOW IT WORKS

1. Set your forfeit: Define the task/habit, deadline, and forfeiture amount for non-completion.
2. Submit your evidence: Verify task completion through various methods like photo submissions, timelapse recordings, self-verification, friend verification, GPS check-ins, and more.
3. Or you lose money: Failure to provide timely evidence results in a monetary loss, with merely a 6% failure rate. Appeals can be made for failed forfeits under specific circumstances.

VERIFICATION METHODS

• Photo: Capture images of completed tasks for AI verification.
• Timelapse: Record task completion via timelapse with human verification.
• Self-Verify: Self-attestation of task completion without additional evidence.
• Friend-Verify: Task validation by an accountability partner.

OTHER FEATURES

• X days/week: Establish specific frequencies for task deadlines (e.g., workout 3 times/week).
• Certain days/week: Limit task deadlines to specific days (e.g., weekdays or selected weekdays).
• Appeal process: Submission skips can be appealed and reviewed by human moderators.
• Varying leniency modes: Users can select leniency settings that may require evidence justification for appeals.
• Text accountability: Automated texts notify friends of any user failures.

COMING SOON

• Screen Time integration
• AI Accountability Coach
• Social forfeits with friends